Friday, April 05, 2013

TREB mid month Mississauga and GTA RESALE HOUSING FIGURES

You can see the figures for sales of resale homes in the GTA for Mid March
2013 below



GTA REALTORS(r) RELEASE MID-MONTH RESALE HOUSING FIGURES

TORONTO, March 18, 2013 - Greater Toronto Area REALTORS(r) reported 3,594
transactions through the TorontoMLS system during the first 14 days of March
2013 - down 11.5 per cent compared to the same period last year. The number
of new listings was up by less than two per cent.

"With sales down and listings up slightly, the GTA market was better
supplied in the first half of March compared to last year. This fact
notwithstanding, there has been enough competition between buyers to promote
moderate to strong upward pressure on average selling prices for most home
types on an annual basis," said Toronto Real Estate Board President Ann
Hannah.

"The average price for condominium apartments in the City of Toronto was up
over last year. If this price growth continues, it may indicate that
conditions are tightening slightly in this segment," added Ms. Hannah.

The average selling price for the first two weeks of March was up by almost
six per cent year-over-year to $532,102. Average prices were up for all
major home type categories.

"Due to tight supply, the average annual rate of price growth for singles,
semis and towns continues to far outpace the rate of inflation. The condo
apartment segment has been a mitigating factor, which is why our forecast
for price growth in 2013 remains at approximately 3.5 per cent or $515,000
for all home types combined," said Jason Mercer, TREB's Senior Manager of
Market Analysis.

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